|
|
Thread Tools | Display Modes |
|
|
07-14-2009, 08:23 PM
|
|||
|
|||
Tax consequences of Buying a discounted Promisory Note
I am planing to buy a promisory note (secured by residential real estate)
at a discount (discount = $90K) Original loan 200K Purchase price of the note 110K Property current value 130K When I buy this note How will the IRS treat the discount amount of 90K ...which I will not be able to actually realize. thanks ham rajumail@yahoo.com 
|
«
Previous Thread
|
Next Thread
»
| Thread Tools | |
| Display Modes | |
Threaded Mode
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Note with non-working link? | Madtown RM | REW CMS 2 Questions | 2 | 04-11-2009 06:04 AM |
| Early stages of the buying cycle. | ResaleBroker | Real Estate Chat | 24 | 03-28-2009 04:48 AM |